Sociedad Quimica y Minera S.A. (NYSE:SQM) Receives Consensus Rating of "Hold" from Analysts

Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Get Free Report) have been given an average recommendation of "Hold" by the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $41.14.

Several equities research analysts recently commented on the stock. BMO Capital Markets dropped their price objective on shares of Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. Finally, Scotiabank decreased their price target on Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating for the company in a report on Friday, May 30th.

Institutional Trading of Sociedad Quimica y Minera

A number of institutional investors and hedge funds have recently bought and sold shares of SQM. Bank of New York Mellon Corp acquired a new position in Sociedad Quimica y Minera in the 4th quarter valued at about $393,000. Raymond James Financial Inc. bought a new position in shares of Sociedad Quimica y Minera during the fourth quarter worth about $261,000. PNC Financial Services Group Inc. boosted its position in shares of Sociedad Quimica y Minera by 7.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,649 shares of the basic materials company's stock valued at $496,000 after purchasing an additional 923 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Sociedad Quimica y Minera during the fourth quarter valued at approximately $343,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Sociedad Quimica y Minera during the fourth quarter worth $411,000. 12.41% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera Stock Performance

NYSE SQM traded down $0.02 on Friday, reaching $38.66. 1,671,981 shares of the stock were exchanged, compared to its average volume of 1,126,433. The company has a current ratio of 2.88, a quick ratio of 1.96 and a debt-to-equity ratio of 0.71. Sociedad Quimica y Minera has a one year low of $29.36 and a one year high of $45.89. The company's 50-day simple moving average is $34.50 and its two-hundred day simple moving average is $37.07. The firm has a market capitalization of $11.04 billion, a PE ratio of 18.32 and a beta of 1.07.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%. The company's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned ($3.04) EPS. Analysts expect that Sociedad Quimica y Minera will post -1.31 EPS for the current fiscal year.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.